“Shares of Motorola Mobility slumped Thursday as the new iPad won rave reviews, with one analyst saying Apple Inc. just blew away its rival’s chances of positioning its Xoom tablet as a key competitor,” Benjamin Pimentel reports for MarketWatch.
“Motorola Mobility shares fell [5.99%] after Cowen and Company also downgraded the stock to neutral from outperform, a day after Apple took the wraps of the iPad 2,” Pimentel reports. “‘Motorola Mobility’s window of opportunity to establish Xoom looks to be narrowing more rapidly than expected as Apple’s iPad 2 launches in the U.S. next week at mostly sub-Xoom price points and sporting a stronger than anticipated feature set,’ analyst Matthew Hoffman said in a note.”
Read more in the full article here.
MacDailyNews Take: There was no window of opportunity for Motorola’s eXhume and anyone who couldn’t see that fact surrounded by virtual flashing neon lights couldn’t analyze their way out of a wet paper bag.
[Thanks to MacDailyNews Reader “Winston” for the heads up and the headline idea.]